Traders Purchase High Volume of ACM Research Call Options (NASDAQ:ACMR)

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ACM Research, Inc. (NASDAQ:ACMR) was the target of some unusual options trading on Tuesday. Traders acquired 3,384 call options on the stock. This is an increase of 421% compared to the average daily volume of 650 call options.

Several research analysts have issued reports on ACMR shares. Zacks Investment Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 3rd. Benchmark reissued a “hold” rating on shares of ACM Research in a report on Wednesday, January 6th. Finally, TheStreet cut ACM Research from a “b-” rating to a “c” rating in a research report on Monday, March 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $106.00.

In other ACM Research news, insider Sotheara Cheav sold 5,000 shares of ACM Research stock in a transaction that occurred on Thursday, April 8th. The stock was sold at an average price of $88.66, for a total transaction of $443,300.00. Following the transaction, the insider now owns 61,445 shares of the company’s stock, valued at $5,447,713.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tracy Liu sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $110.00, for a total value of $44,000.00. Following the completion of the sale, the director now owns 40,524 shares of the company’s stock, valued at approximately $4,457,640. The disclosure for this sale can be found here. Insiders sold a total of 107,428 shares of company stock valued at $10,741,561 over the last three months. Company insiders own 46.02% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ACMR. Virtu Financial LLC acquired a new position in ACM Research during the third quarter worth about $354,000. Altfest L J & Co. Inc. acquired a new stake in ACM Research in the fourth quarter valued at $208,000. PFG Advisors purchased a new position in shares of ACM Research in the fourth quarter valued at $212,000. Calamos Advisors LLC boosted its position in shares of ACM Research by 130.6% in the 4th quarter. Calamos Advisors LLC now owns 37,675 shares of the specialty retailer’s stock worth $3,061,000 after buying an additional 21,334 shares in the last quarter. Finally, Perigon Wealth Management LLC acquired a new stake in ACM Research in the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 31.23% of the company’s stock.

Shares of NASDAQ:ACMR opened at $74.58 on Wednesday. ACM Research has a 52 week low of $36.44 and a 52 week high of $144.81. The company has a 50-day moving average price of $84.61 and a 200 day moving average price of $88.05. The company has a market cap of $1.29 billion, a P/E ratio of 111.31 and a beta of 0.89.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Thursday, February 25th. The specialty retailer reported $0.29 EPS for the quarter, beating the consensus estimate of $0.22 by $0.07. ACM Research had a return on equity of 16.48% and a net margin of 10.46%. The business had revenue of $45.56 million during the quarter, compared to analysts’ expectations of $42.90 million. As a group, analysts predict that ACM Research will post 0.86 earnings per share for the current fiscal year.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers with fine feature sizes; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.

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